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Latest International Financial Crisis stories on ABC Sydney

Sydney is playing a host to a major gathering of finance ministers and central bankers this weekend amid continuing concerns over a volatile global economy. The meeting is the first major test for Australia as president of the G20 leaders' summit later this year. The International Monetary Fund ...

In a significant loss for the global ratings agency, Standard and Poor's, the Federal Court of Australia has ruled in favour of 13 New South Wales councils which lost millions of dollars investing in a toxic financial product. Standard and Poor's gave the complicated product its top Triple A ...

Latest International Financial Crisis stories on ABC Online

Greek-Australian maverick Yanis Varoufakis is Greece's finance minister and is changing the way Europe does business, promising to end austerity measures while making a deal with the country's creditors....

More than seven years after the Great Recession, the US has fined ratings agency S&P $1.5 billion. S&P decided to settle the allegations that it overrated bonds for subprime mortgages, which is one of the reasons for the financial collapse....

Greece's new leaders have embarked on a whirlwind European tour to win backing for a renegotiation of its tough bailout package. The Greek charm offensive has already won support from president Barack Obama, but it's also prompted a stark warning from the British finance minister. ...

Dr Oliver Hartwich says the Greek election poses only difficult options for the negotiators at the European Union. Dr Hartwich is the executive director of the New Zealand Initiative and he says while he expects the new Greek government to negotiate a temporary reprieve from its debt, in the long ...

The European Union has signalled that it is unwilling to write off or forgive the massive debt load being carried by Greece. The stand comes as the victorious Syriza party begins preliminary negotiations on rolling back austerity measures. While Syriza has repeated it is not threatening to leave ...